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HFCU Helps First Time Auto Buyers Save Money


Houston Federal Credit Union has a first time auto buying program available to make your experience quick, easy, and affordable with our used auto loan rates as low as 3.19% APR* and new auto loan rates as low as 2.99% APR*. We also have flexible terms and first payment date options available to help you with your first big purchase!*

If you have little or no credit history, don’t worry, HFCU’s First Time Auto Buyer program was established to help our members in just these circumstances. There are additional qualifications we consider when evaluating an auto loan application for our First Time Auto Buyer program and loans are made under certain terms and conditions.

Some considerations and qualifications for the First Time Auto Buyers program are:

  • Must be 18 years old or older
  • Have no previous auto loans
  • Have a loan amount of $35,000 or less
  • Have held a job 6 months or more with verifiable income
  • Provide proof of full coverage insurance

Take advantage of our VIP (Vehicle Instant Purchase) check when you are ready to purchase your new or used vehicle at the dealership.** With a VIP check you are pre-approved up to a certain amount, and have the power to negotiate the best price for your vehicle at the dealership. Additionally, our low rates, flexible terms, and first payment date options* are geared to fit your lifestyle, and help you save more over the life of your loan.

HFCU also offers excellent Protection Products*** that can help you protect your investment and extend the life of your vehicle, which include Extended Warranties, GAP Plus, Debt Cancellation Protection, and Tire, Wheel, Windshield, and Dent & Door Protection. It is as simple as rolling these low-cost protection products in with your loan!

We are dedicated to saving you money on your first auto loan! Start your application by clicking the link below, by calling us at 281-243-0555, or toll-free at 1-(844)-VIP-HFCU (847-4328). Our Electronic Lending Team hours are Monday-Friday 9:00 a.m.-7:00 p.m. CT and Saturday 9:00 a.m.-2:00 p.m. CT. If you would like to bypass the waiting queue and receive a call back, you do have the option to leave a message and the next available representative will return your call.

Apply for Your Used or New Auto Loan Today!

*APR is Annual Percentage Rate. Normal credit criteria apply. Rates for approved loans are based on the applicant’s credit history. Stated “rates as low as” apply to well-qualified applicants. Loan term, loan to value (LTV) and/or down payment, for example, may vary based upon your credit history. Current rates are effective August 1, 2022 through August 31, 2022. Other restrictions may apply and rates are subject to change without notice. Talk to a loan officer for details. Loan term for 72 months require a $20,000 minimum loan. Payment example: 60 monthly payments of approximately $18.19 per $1,000 borrowed at 3.50% APR. For deferred payment option, interest accrues during deferral period. HFCU is an equal opportunity lender. Credit Union membership is required before utilizing any product and/or service by establishing a savings account with $5. Must be eligible for membership. Other restrictions may apply.
**VIP program subject to certain credit criteria. Available at participating dealerships within the greater Houston, TX and Greenville, SC areas. May be used for the purchase of new or used automobiles, trucks or SUVs. May not be used for sales between private parties or to purchase reconditioned, salvaged, or auctioned vehicles. Other restrictions may apply. See Credit Union for additional terms and conditions.
***GAP/Extended Warranty/Multi-Shield Protection: See Credit Union for terms and conditions.